ATW Plus

Mounting debt drives South African carrier 1time into liquidation

South African low-cost carrier (LCC) 1time Airline (T6) has gone into liquidation, grounding all of its operations and stranding hundreds of passengers.

South African low-cost carrier (LCC) 1time Airline (T6) has gone into liquidation, grounding all of its operations and stranding hundreds of passengers.  In a statement on the airline’s website, 1time Group CEO Blacky Komani said: “The business rescue practitioner has advised that there are no reasonable prospects of survival as a potential financier notified us this afternoon that they are no longer able to invest in our airline. It is therefore with the utmost regret, ...

Subscribe to Access this Entire Article

"Mounting debt drives South African carrier 1time into liquidation" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here

Please or Register to post comments.

Sign-up to receive our complimentary newsletter

ATW On-Location

Visit ATW at the Paris Air Show!
Booth:  Hall 3, Stand A-2


View all ATW On-Location

Recent comments

ATWOnline Marketplace - Buy a Link Now